Brazil's instant payment system, PIX, is second only to India's UPI in number of transactions. As the United States prepares for the launch of FedNow, GFT's Carlos Kazuo Missao shares his experience with PIX and some important lessons U.S. banks can learn from Brazil.
Cryptocurrency hackers are shifting their focus from bitcoin to other tokens and newer blockchain services such as cross-chain bridges for illicit activity. Why is the oldest crypto token so unappealing to hackers these days, and what do other options offer? Ari Redbord of TRM Labs explained.
We live in a surveillance society, but even though citizens are concerned about the lack of privacy, they don't know what to do about it, said David Sinclair, founder of 4Freedom Mobile, a mobile service provider that helps subscribers secure their phones and stop tracking, hacking and data theft.
Transaction monitoring must keep up with the multiple and fast-moving risks of today’s world. In addition to the many typologies by which criminals push illicit funds through the financial system, financial institutions are challenged to effectively counter the myriad of risks around black swan events, ESG crimes,...
A survey of fraud executives found that 85% saw an increase in fraud losses in 2022, with the mobile channel accounting for the majority of this increase. This whitepaper explores strategies to strengthen fraud prevention and mitigate the impact of online attacks.
In the rapidly expanding digital economy, fraud...
Threat actors are using dedicated mobile Android OS device spoofing tools to defraud customers of online banking, payment systems, advertising networks and online marketplaces globally. Resecurity observed cybercriminals using spoofing tools to exploit stolen cookies and access victims' systems.
A hacker suspected to be based in Mexico is targeting financial institutions using "relatively unsophisticated" tools but is achieving a high degree of success among banking customers, SentinelOne said. The threat actor also offers smishing as a service.
Big banks want social media firms to take accountability for scams that occur on their payment platforms, but that doesn’t mean reimbursing victims. Banks need to take the lead in making victims whole quickly. And big tech and telcos need to kick the scammers out of their platforms.
Suspected Chinese threat actors are using fake web advertisements for popular instant messaging applications Kik and Viber to install mobile banking malware onto devices of Asian users. Researchers at cybersecurity firm Cyberint said adversaries are distributing the malware on third-party APK sites.
In this episode of CyberEd.io's podcast series "Cybersecurity Insights," Weldon Dodd of Kandji discusses the evolution of Apple's security and privacy practices and how mobile device management can help achieve a balance between user privacy and corporate control.
Phishing attacks have come a long way from the spray-and-pray emails of just a few decades ago. Now they’re more targeted, more cunning and more dangerous. And this enormous security gap leaves you open to business email compromise, session hijacking, ransomware and more.
Join Roger Grimes, KnowBe4’s...
Apple has fixed multiple zero-days that were actively being exploited since 2019 and infect several iOS devices with a spyware implant dubbed TriangleDB via zero-click iMessage exploits. The tech giant said the vulnerabilities actively exploited iOS versions released before iOS 15.7.
It takes organisations 280 days on average to identify and contain a cyberbreach. But IT security leaders who can connect and automate security, risk, IT and asset management workflows on a single platform can improve the mean time to contain breaches by 85%. Read this guide to learn how you can transform your IT...
As countries across the globe adopted real-time payments at breakneck speed over the past year, experts said authorized push payments fraud sharply increased. APP scams nearly doubled year-over-year compared to other types of fraud. ACI Worldwide's Jackie Barwell shared fraud trends in a new report.
U.K. banks will soon have to reimburse customers who fall prey to authorized push payment scams. The U.K.'s Payment Systems Regulator recently released a policy that would split the reimbursement cost between sending and receiving banks and incentivize the industry to invest in fraud prevention.
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